BUCKS COUNTY – October 26, 2022 – State Senator Steve Santarsiero (D-10) and Representative Tina Davis (D-141) announced $1.3 million in state funds from the Redevelopment Assistance Capital Program (RACP) for Bristol Borough to redevelop multiple properties along Chestnut and Elm Streets in the Borough.
“Bristol Borough has seen great economic growth and revitalization in recent years, attracting new businesses and residents to the area. The redevelopment of the vacant properties at Chestnut and Elm Streets will help the Borough continue to expand its appeal and breathe new life into the area,” said Sen. Santarsiero. “I’d like to thank Governor Wolf for allocating RACP funds for this project, which will help Bristol Borough complete a vision two decades in the making.”
“I am so proud that Sen. Santasiero and I were able to secure $1.3 million in RACP funding to redevelop the vacant properties at Chestnut and Elm Streets,” Rep. Davis said. “This funding will help to rehabilitate these dilapidated properties and help rejuvenate the entire area. This redevelopment is one more sign of Bristol Borough’s revitalization.”
The project is a partnership between Bristol Borough and the Redevelopment Authority of Bucks County to complete a project to revitalize properties along Elm & Chestnut Streets in Bristol Borough. Specifically, the funds will used to purchase seven units on Chestnut Street, clearing the way for the demolition and redevelopment of vacant units in the area.
“This project is so vital to the continuing Renaissance of Bristol Borough,” said Bristol Borough Council President Ralph DiGuiseppe. “On behalf of Council and Mayor DiGuiseppe, I would like to thank Senator Steve Santarsiero and Representative Tina Davis for their hard work to bring this crucial funding back to Bristol Borough.”
RACP is a Commonwealth grant program administered by the Office of the Budget for the acquisition and construction of regional economic, cultural, civic, recreational, and historical improvement projects. RACP projects have a regional or multi-jurisdictional impact and generate substantial increases or maintain current levels of employment, tax revenues, or other measures of economic activity. RACP projects are state-funded projects that cannot obtain primary funding under other state programs.
To learn more about RACP projects and grants, visit the Pennsylvania Office of the Budget website.